Loopholes

A "loophole" is an ambiguity in a system, such as a law or security, which can be used to circumvent or otherwise avoid the intent, implied or explicitly stated, of the system. Loopholes are searched for and used strategically in a variety of circumstances, including taxes, elections, politics, the criminal justice system, or in breaches of security.

Wikipedia

"Loophole" is an often misused term when discussing tax practices. At different times, legitimate tax planning strategies are referred to as "Loopholes" by politicians and the media, when the original intention of the law was to provide incentives and equity. This page is filled with Tips that may reflect updates and changes for your tax and business needs and useful reference Links.

Links and Tips

American Recovery and Reinvestment Act of 2009

Congress has approved and the President has signed new economic stimulus legislation, the American Recovery and Reinvestment Act of 2009. Click here for some key highlights.

Part
of the ease of using the World Wide Web is linking from site to site. We
hope the following links will be of use to you.

We do not endorse any business or product you may find as a result of
these links. The links were chosen as a sample of what the Internet has
to offer. There are many fine companies on the Internet, but there are
also those who should never be allowed to sell anything to anyone.

We caution you: do not enter into any agreement or purchase anything
via the Internet until you and your advisors are satisfied that you are
getting what you are paying for.

The various reference links and calculators will provide you with food
for thought. Any computations you arrive at with these sources should
be considered rough estimates. If you are looking for numbers you can
rely on, please call us for assistance.